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elleng

(131,042 posts)
Wed Feb 13, 2013, 12:55 AM Feb 2013

“The greatest nation on Earth cannot keep conducting its business by drifting from one manufactured

crisis to the next.”

No keen on continuing to refer to US as 'greatest nation on Earth' but the principle is correct, and idiot repugs must stop manufacturing crises.

13 replies = new reply since forum marked as read
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“The greatest nation on Earth cannot keep conducting its business by drifting from one manufactured (Original Post) elleng Feb 2013 OP
My favorite line in the entire speech The Blue Flower Feb 2013 #1
YVW, but NYT did it! elleng Feb 2013 #2
It's a manufactured crisis til one day you can't sell your bonds. dkf Feb 2013 #3
The crisis would STILL have been manufactured, elleng Feb 2013 #4
the us doesn't need to sell bonds. HiPointDem Feb 2013 #9
Why? Because the fed will buy it all in perpetuity? dkf Feb 2013 #10
it doesn't need the fed to buy bonds because it doesn't need to sell bonds at all. HiPointDem Feb 2013 #11
And we have no deficit I guess. dkf Feb 2013 #12
we have a sovereign currency. we don't need to sell bonds. HiPointDem Feb 2013 #13
I'm very much afraid it can. sibelian Feb 2013 #5
May continue with repugs manufacturing crises, elleng Feb 2013 #6
That depends on how the crisis is handled and who benefits from it. sibelian Feb 2013 #7
I especially loved that part of the speech. Thanks for posting. JDPriestly Feb 2013 #8
 

dkf

(37,305 posts)
3. It's a manufactured crisis til one day you can't sell your bonds.
Wed Feb 13, 2013, 01:01 AM
Feb 2013

And then you are sol. Or should I say we are sol.

 

dkf

(37,305 posts)
10. Why? Because the fed will buy it all in perpetuity?
Wed Feb 13, 2013, 10:56 PM
Feb 2013

I think people are in as much denial of our debt problem as our global warming problem. Just like people used to believe housing would always go up. Amazing.

elleng

(131,042 posts)
6. May continue with repugs manufacturing crises,
Wed Feb 13, 2013, 01:28 AM
Feb 2013

but demise from 'greatest' will increase much more rapidly than overwise, so it canNOT.

sibelian

(7,804 posts)
7. That depends on how the crisis is handled and who benefits from it.
Wed Feb 13, 2013, 02:01 AM
Feb 2013

I really don't think the US is as fragile as that. I don't think any political system of that size and flexibility is just going to wear out suddenly one day. Even if the military spending were halved, the US would still be the only real superpower, and it would still be able to find ways to lever capital out of the rest of the world. It would never be in the interest of the nation not to look for new ways to use the other nations around it.

American belief systems are incredibly elastic and manageable. The social support for America's goals can simply be reconstructed by whoever is smart enough to do the reconstruction.

This is a hideously sweeping generalisation, but, Americans don't really believe things that are carefully examined and thus added to their value systems through an understanding that the belief is part of a picture of the world that is *necessary*. Generally speaking, they believe things that make them feel good. A bit like the idea that all the ugliness that America is capable of perpetuating is simply going to disappear through imaginary "historical forces". That feels good, doesn't it?

But why would it be true?

It's comforting to think that America is an empire and will be subject to the same demise as other empires have in the past, but the facts just don't bear this out. America is vastly more efficient at managing narratives than it's hegemonic forebears and has the best tech, the most money, the most aggressive military, access to the most resources, the most highly trained professionals... and, crucially, the most mentally flexible population.

Usually what happens in the collapse of empires is that the structure runs up against something it didn't foresee and internal rigidity prevents it from adapting. But America is all about adapting, that's how it's gained it's power in the first place.

I really don't think there's any hope of the United States ever not being the world's sole superpower. And, if I'm honest I think all that's going to happen is that it's going to carry on getting stronger. I think it's only a matter of time until the next Iraq War event swings the US populace back into the "get the bastards" mode.

You may think that ordinary people have a moral power to resist being perpetually manipulated into supporting acts of aggression, but I don't. And the main reason I don't is this website. The difference between the reaction to Obama and Bush doing roughly the same kind of thing has been a revelation to me.

Even if the States collapsed to something like a third of its current economic and military power, (which isn't going to happen) it would STILL be a superpower.

It's sad to think that the world will slowly be absorbed into a primal hegemony of consumption and destruction. But I really don't think there's any way of stopping it now. People have been well aware of the alternatives for decades, but they don't really care. Mostly they just want to be happy.

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